Legal requirements for incorporating a business...
•Maintaining, defending or settling any proceeding, claim or dispute;
•Holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs;
•Maintaining bank accounts;
•Maintaining offices or agencies for the transfer, exchange and registration of the corporation’s own securities or appointing and maintaining trustees or depositories with respect to those securities;
•Selling through independent contractors;
•Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside Tennessee before they become contracts;
•Creating or acquiring indebtedness, deeds of trusts, mortgages and security interests in real or personal property;
•Securing or collecting debts or enforcing mortgages, deeds of trust, and security interests in property securing the debts;
•Owning, without more, real or personal property (including, for a reasonable time, the management and rental of real property acquired in connection with enforcing a mortgage or deed of trust if the owner is attempting to liquidate the owner’s investment and if no office or other agency, other than an independent agency, is maintained in Tennessee);
•Conducting an isolated transaction that is completed within one month and that is not one in the course of repeated transactions of a like nature; or
•Transacting business in interstate commerce.
Legal requirements to gain Corporation status on this page in an organized, understandable manner…
The Steps for incorporating business in Tennessee:
1. Make sure your company name choice is available.
2. File the correct paperwork with the State’s filing office.
3. Hold the "Organizational Meeting" and adopt the company’s Bylaws (Corporations) or Operating Agreement (LLC’s).
4. Obtain a Federal Employer Identification Number (FEIN) for your company and open a company bank account.
5. Get a local business license from the city (or county) where you will be doing business.
5) Discuss the pros and cons of “incorporating” with your partners, and make a list of them on this page to show the Sharks that you have seriously considered all the angles
6) Discuss your current form of ownership and the possibility of incorporating, and make a decision regarding which type of ownership you feel would be best for your company at this time. Place your decision (“After discussion we have decided…) on your page along with supporting reasons for your decision
Our Partnership Agreement
Legal requirements for incorporating a business...
•Maintaining, defending or settling any proceeding, claim or dispute;
•Holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs;
•Maintaining bank accounts;
•Maintaining offices or agencies for the transfer, exchange and registration of the corporation’s own securities or appointing and maintaining trustees or depositories with respect to those securities;
•Selling through independent contractors;
•Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside Tennessee before they become contracts;
•Creating or acquiring indebtedness, deeds of trusts, mortgages and security interests in real or personal property;
•Securing or collecting debts or enforcing mortgages, deeds of trust, and security interests in property securing the debts;
•Owning, without more, real or personal property (including, for a reasonable time, the management and rental of real property acquired in connection with enforcing a mortgage or deed of trust if the owner is attempting to liquidate the owner’s investment and if no office or other agency, other than an independent agency, is maintained in Tennessee);
•Conducting an isolated transaction that is completed within one month and that is not one in the course of repeated transactions of a like nature; or
•Transacting business in interstate commerce.
Legal requirements to gain Corporation status on this page in an organized, understandable manner…
The Steps for incorporating business in Tennessee:
1. Make sure your company name choice is available.
2. File the correct paperwork with the State’s filing office.
3. Hold the "Organizational Meeting" and adopt the company’s Bylaws (Corporations) or Operating Agreement (LLC’s).
4. Obtain a Federal Employer Identification Number (FEIN) for your company and open a company bank account.
5. Get a local business license from the city (or county) where you will be doing business.
5) Discuss the pros and cons of “incorporating” with your partners, and make a list of them on this page to show the Sharks that you have seriously considered all the angles
6) Discuss your current form of ownership and the possibility of incorporating, and make a decision regarding which type of ownership you feel would be best for your company at this time. Place your decision (“After discussion we have decided…) on your page along with supporting reasons for your decision